Chandra Utama
Jurusan Ekonomi Studi Pembangunan, Fakultas Ekonomi Universitas Katolik Parahyangan, Bandung

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Manajemen Kenaikan Tarif PAM Untuk Peningkatan Akses Air Bersih Bagi Seluruh Masyarakat Utama, Chandra
Jurnal Administrasi Bisnis Vol 6, No 2 (2010)
Publisher : Business Administration Study Program - Universitas Katolik Parahyangan

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (1163.861 KB)

Abstract

World population growth causes increasing of demand for clean water. On the otherhand, at this moment, the Public water Utilities (PAMs) in various cities, especiallyin developing countries, unable to meet the needs of the entire population, especiallypoor families. Usually the price of piped water is very low. On the other hand, thepoor that no access to piped water pay more than the rich that have access.Usually, PAMs cannot serve the poor because they do not have fund to developthe new network. Furthermore, increase of water rates is necessary to collect moneyfor investment and service improvement. The tariff management must ensure allobjectives of public utilities such as: all families have minimum needs; water conversion;as well as PAMs have required profits are important in public water utilities.Very low tariff that make PAMs do not receive minimum profit for investment inservices and increase coverage area also directly make other objectives fail.The tariff plan of PAM Bandung municipality (PDAM) period 2006-2010 isused to describe tariff management planning. Actual condition in 2010 is also providedto compare the planning and result. Because limitation of data, this studyassume the planning is implemented.Based on the data, this study concludes that the tariff management of PDAM issuccess increase profit but fail improve household connections. Ironically, the connectionsfor the household go down and connections for the business go up. The tariffof PDAM, although they manage the increasing of tariff, cannot be categorized as thetariff increase to raise coverage area but increase to adjust the inflation.Keywords: water, public water utilities (PAMs), tariff, poor household
TRANSMISI KEBIJAKAN MONETER MELALUI JALUR PERUMAHAN Utama, Chandra
Journal of Innovation in Business and Economics Vol 3, No 1 (2012)
Publisher : Faculty of Economics and Business, University of Muhammadiyah Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (469.735 KB) | DOI: 10.22219/jibe.v3i1.2224

Abstract

After the subprime mortgage crisis in  the USA, the housing market hasbecome more concerned in the monetary policy makers. The housing developers must understand the role of the housing sector in the monetary transmission mechanism to find the goal, price stability, and sustainable employment as well as economic growth. This paper proposes another channel, the housing sectors; as the 6 th channel that transmit monetary policy. It focuses to the direct and indirect sub-channel of housing to the economyand analyzes the role of housing in the monetary transmission mechanism.
Manajemen Kenaikan Tarif PAM Untuk Peningkatan Akses Air Bersih Bagi Seluruh Masyarakat Chandra Utama
Jurnal Administrasi Bisnis Vol. 6 No. 2 (2010)
Publisher : Business Administration Department - Universitas Katolik Parahyangan

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (1163.861 KB) | DOI: 10.26593/jab.v6i2.378.%p

Abstract

World population growth causes increasing of demand for clean water. On the otherhand, at this moment, the Public water Utilities (PAMs) in various cities, especiallyin developing countries, unable to meet the needs of the entire population, especiallypoor families. Usually the price of piped water is very low. On the other hand, thepoor that no access to piped water pay more than the rich that have access.Usually, PAMs cannot serve the poor because they do not have fund to developthe new network. Furthermore, increase of water rates is necessary to collect moneyfor investment and service improvement. The tariff management must ensure allobjectives of public utilities such as: all families have minimum needs; water conversion;as well as PAMs have required profits are important in public water utilities.Very low tariff that make PAMs do not receive minimum profit for investment inservices and increase coverage area also directly make other objectives fail.The tariff plan of PAM Bandung municipality (PDAM) period 2006-2010 isused to describe tariff management planning. Actual condition in 2010 is also providedto compare the planning and result. Because limitation of data, this studyassume the planning is implemented.Based on the data, this study concludes that the tariff management of PDAM issuccess increase profit but fail improve household connections. Ironically, the connectionsfor the household go down and connections for the business go up. The tariffof PDAM, although they manage the increasing of tariff, cannot be categorized as thetariff increase to raise coverage area but increase to adjust the inflation.Keywords: water, public water utilities (PAMs), tariff, poor household
Interest Rate Pass-Through: The Case of Indonesia Chandra Utama; Rizqianisa Septiani
Signifikan: Jurnal Ilmu Ekonomi Vol 6, No 2 (2017)
Publisher : Faculty of Economic and Business Syarif Hidayatullah State Islamic University of Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (619.936 KB) | DOI: 10.15408/sjie.v6i2.4819

Abstract

This paper examines the direct and indirect interest rate pass-trough (IRPT) from policy interest rate (BI rate) to banks’ retail interest rates in Indonesia during a full-fledged inflation-targeting regime. We use montly data of policy interest rate (BI rate) as well as interest rates for interbank money market (interbank), deposit, and loan during July 2005 to May 2015. We employ Error Correction Mechanism (ECM) and Ordinary Least Square (OLS) to find the significant of IRPT and the speed of adjustment process of IRPT. The study suggests the existence of direct and indirect IRPT in Indonesia. The change of policy rate is transmitted quicker in the direct channel compared to the indirect channel. However, indirect channel is more stable than the direct channel. We conclude that the direct and indirect IRPT are complementary.DOI: 10.15408/sjie.v6i2.4819
Interdependensi Pasar Melalui Saham Dual Listing: Kasus Saham Telkom dan Indosat di Pasar Saham Jakarta and New York Chandra Utama; Miryam B Lilian Wijaya
Research Report - Humanities and Social Science Vol. 1 (2009)
Publisher : Research Report - Humanities and Social Science

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Abstract

Hubungan saling mempengaruhi antar pasar saham memungkinkan terjadinya penularan berbagai kejutan dari satu pasar ke pasar yang lain. Penelitian ini menunjukkan bahwa saham dual listing dapat menjadi perantara terjadinya hubungan saling mempengaruhi antara dua pasar dimana saham dual listing diperdagangkan. Data yang digunakan adalah data harian indeks pasar dan harga saham Telkom dan Indosat di pasar saham Jakarta dan New York selama Januari 2008 – Januari 2009. Akibat letak geografis (perbedaan waktu), kedua pasar saham mempunyai waktu buka yang berbeda sedemikian rupa sehingga saham yang diperdagangkan di kedua pasar menjadi terus menerus diperdagangkan secara bergantian tanpa henti.Dengan teknik regresi ditemukan bahwa pasar New York mempengaruhi pasar Jakarta, tetapi tidak sebailknya. Perubahan indeks pasar New York menggerakkan harga saham Telkom dan saham Indosat di New York yang kemudian menggerakkan harga saham-saham tersebut di Jakarta dan kemudian diikuti dengan bergeraknya indeks pasar Jakarta. Sebaliknya, perubahan indeks pasar Jakarta menggerakkan harga saham Telkom dan saham Indosat di pasar Jakarta yang kemudian juga menggerakkan harga kedua saham-saham tersebut di pasar New York, tetapi tidak berlanjut ke perubahan indeks pasar New York.Berdasarkan hasil temuan penelitian ini, dapat diketahui bahwa pencatatan saham kuat dari pasar saham Indonesia ke pasar New York dapat meningkatkan resiko pasar saham Indonesia karenai rentan terhadap pengaruh gejolak dari pasar New York. Saham dual listing meingkatkan ketergantungan pasar saham Indonesia terhadap kondisi fundamental pasar saham New York.Key words: dual listed stock, market interdependency
PENDAMPINGAN BEBERAPA KOPERASI SIMPAN PINJAM P.C. Suroso; Miryam B.L Wijaya; Anna Farina Poerbonegoro; Januarita Hendrani; Ivantia S. Mokoginta; Noknik Karliya; Ishak Somantri; Hilda Leilani Masniaritta Pohan; Chandra Utama; Siwi Nugraheni
Research Report - Humanities and Social Science Vol. 2 (2014)
Publisher : Research Report - Humanities and Social Science

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Abstract

Sebagai kegiatan pengabdian kepada masyarakat yang berkelanjutan, dengan tujuan utama ikut terlibat dalam mengatasi masalah kemiskinan, pengabdian kepada masyarakat yang dilakukan bersifat ekstensifikasi dan intensifikasi. Inti dari pengurangan angka kemiskinanadalah menciptakan lapangan kerja. Objek pengabdian tetap pada pengembangan sektor keuangan (koperasi) dan sektor riil (pertanian oragnik-usaha, baik perdagangan maupunpengolahan). Intinya adalah membangun jaringan antar sektor keuangan, sektor keuangan dengan sektor riil, dan antar sektor riil. Dengan terbangunnya jaringan tersebut, kegiatan pengabdian kepada masyarakat dapat ikut serta menciptakan lapangan kerja, baik secara tidak langsung, menambah lapangan kerja yang tersedia, maupun langsung, atau mempertahankan lapangan kerja yang tersedia. Dengan tetap dan bertambahnya lapangan kerja, angka kemiskinan dapat berkurang. Kegiatan yang sifatnya intensifikasi dimaksudkan sebagai kegiatan yang tujuan utamanya adalah penguatan kelembagaan, baik itu kelembagaan lembaga keuangan (koperasi simpan pinjam), maupun kelembagaan usaha yang dilakukan oleh anggota lembaga keuangan. Sementara itu, kegiatan ekstensifikasi dimaksudkan untuk memperbanyak mitra agar tujuan memperluas lapangan kerja dapat lebih banyak. Dengan semakin banyaknya mitra kerja maka jejaring ekonomi akan semakin luas dan dengan demikian memungkinkan semakin banyaknya lapangan kerja yang diciptakan. Pengabdian kepada masyarakat yang kami lakukan dalam tahun ajaran 2014 adalah menindaklanjuti kerjasama antara Program Studi Ekonomi Pembangunan dengan Pengembangan Sosial Ekonomi Keuskupan Bandung. Dengan kerjasama ini, ada 6 (enam) lembaga keuangan berbentuk koperasi simpan pinjam dengan jumlah anggota sekitar 9.000 (sembilan ribu) dengan pekerjaan yang sangat bervariasi. Pengabdian yang dilakukan berfokus pada penguatan organisasi lembaga keuangan yang semula bersifat sukarela harus berubah menjadi profesional, mengingat jumlah uang yang dikelola oleh setiap lembagasudah cukup besar. Perubahan organisasi yang semula bersifat sukarela ke professional dilakukan melalui beberapa kali lokakarya yang diikuti oleh semua mitra dengan tujuan agar transformasi dari sukarela ke profesional itu dipahami sepenuhnya oleh para pengurus dan para manajernya. Perlu disadari transformasi dari sukarela ke profesional tidak hanya menyangkut pengembangan organisasinya, tetapi juga lebih menyangkut perubahan sistem nilai dalam pengelolaan.  
RISIKO SISTEMIK PERBANKAN INDONESIA Miryam Lilian Wijaya; Chandra Utama; Charvin Kusuma
Research Report - Humanities and Social Science Vol. 2 (2015)
Publisher : Research Report - Humanities and Social Science

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Abstract

Studi ini menelaah penggunaan Altman Z-score sebagai sebuah indikator untuk menggambarkan kesehatan bank secara individual dalam konteks stabilitas industri perbankan. Terhadap 77 bank umum di Indonesia, masing-masing dengan 96 periode waktu (bulanan 2006 - 2013), dihitung nilai Altman Z-score (ZSCORE). Rasio simpanan suatu bank di bank lain dalam portofolio asset bank tersebut dipakai sebagai indikator keterkaitan bank tersebut dengan bank lain (GIRO), sedangkan rasio simpanan masyarakat di suatu bank dibandingkan dengan total kewajiban bank tersebut menjadi indikator ketergantungan bank dengan pasar input (DPK). Uji stasioneritas terhadap data runtut waktu menghasilkan dua kelompok bank: bank dengan ZSCORE stasioner dan bank dengan ZSCORE tidak stasioner. Rata-rata ZSCORE bank dengan ZSCORE tidak stasioner lebih tinggi dari rata-rata ZSCORE bank dengan ZSCORE stasioner. Dari regresi atas data panel ditemukan bahwa ZSCORE meningkat baik karena GIRO meningkat atau karena DPK turun pada 1 atau 2 bulan sebelumnya. Pengaruh perubahan GIRO terhadap ZSCORE lebih besar di kelompok bank dengan ZSCORE tidak stasioner. ZSCORE dapat menangkap perubahan tingkat kesehatan atau keamanan bank yang diakibatkan oleh perubahan keterkaitan bank dengan bank lainnya dan kerentanan bank di pasar input. Studi lebih lanjut diperlukan untuk menemukan indikator individual bank dalam konteks stabilitas industri perbankan.Kata Kunci: Risiko sistemik, Altman Zscore, risiko perbankan Indonesia.
THE ROLE OF INTEREST RATES AND PROVINCIAL MONETARY AGGREGATE IN MAINTAINING REGIONAL INFLATION IN INDONESIA Chandra Utama; Miryam Lilian Wijaya; Charvin Kusuma
Research Report - Humanities and Social Science Vol. 2 (2015)
Publisher : Research Report - Humanities and Social Science

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (908.858 KB)

Abstract

In most countries, monetary policies are implemented in order to maintain economic stability. The policy may employ interest rate or money supply to derive the assigned national inflation target. Most studies investigate the relationship between monetary policy and inflation use national data. Based on the idea that inflation is a regional phenomenon, the application of provincial data might be more appropriate explaining the relationship between monetary policy and inflation. The study elaborate the impact of changes in provincial money supply, BI Rate (interest rates of central bank), and PUAB (money market interest rates) to regional inflation in the framework Hybrid New Keynesian Phillips Curve (HNKPC). The study employs Generalized Method of Moments (GMM) techniques on panel data of 32 provinces from 2005-III to 2014-IV. The data is classified into 4 groups, which are Jawa-Bali (W1), Sumatera (W2), Kalimantan-Sulawesi (W3), and Papua-Maluku-Nusa Tenggara (W4). The estimation result shows that provincial monetary aggregate influence inflation significantly only in Sumatera. Furthermore, inflation is also effect by BI Rate in Sumatera and Kalimantan-Sulawesi. The study also found that PUAB is significantly affecting inflation in almost all Indonesian regions, except Kalimantan-Sulawesi. This study concludes that interest rates, BI rate and PUAB, is more appropriate than change in provincial money supply to control provincial inflation.Keywords: monetary policy, regional inflation, hybrid NKPCJEL Classification Numbers: E31, E52, R19
MENGUKUR TINGKAT KESEHATAN BANK DI INDONESIA Chandra Utama
Bina Ekonomi Vol. 10 No. 1 (2006)
Publisher : Center for Economic Studies Universitas Katolik Parahyangan

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (589.82 KB) | DOI: 10.26593/be.v10i1.651.%p

Abstract

Bank plays an important role in economy. Allocation of fund an circulation of money become more efficient with the existence of bank. It one factor that promotes stable economic growth.Only healthy bank can maximize its role in economic activities. The Question is what criteria of healthy bank in Indonesia. There are 5 criteria in measuring the health of bank. The criteria are Capital, Asset quality, management, earning, and liquidity (CAMEL). This paper describes and explains how these 5 criteria work.
PELUANG MEMBANGUN PEREKONOMIAN NASIONAL DENGAN PERBAIKAN SISTEM PEMBIAYAAN BAGI USAHA KECIL DAN MENENGAH (UKM) Chandra Utama
Bina Ekonomi Vol. 11 No. 2 (2007)
Publisher : Center for Economic Studies Universitas Katolik Parahyangan

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (646.088 KB) | DOI: 10.26593/be.v11i2.681.%p

Abstract

Small and medium enterprises (SMEs) have an important role in economy; not only they employ a lot of workers but also contribute to Gross Domestic products (GDP). The SMEs contribute more than 60 percent of GDP (40 percent from small enterprises (SEs)). More than 99 percent of interprises in Indonesia are SMEs and more than 96 percent of worker are employed by them (more than 91 percent work in SEs).Although SMEs are very important for the Indonesian economy, they still have problem to have accessing fund. The SEs invest only 1.5 million rupiahs in average (only 0.0078 and 0.00005 times the average investment of medium (MEs) and big enterprises (BEs) each year) and the MEs invest 855.88 million rupiahs in average (nearly 0.03 times the average investment of BE each year). The data shows that investment for each SE is too small than investment of MEs and BEs. On the other hand the return of investment in SE are more than twice than ME and BE. Although the SMEs contribute 60 percent of total GDP, they only invest 43 percent of total investment every year. The Kredit Usaha Kecil (KUK) that served by commercial Banks for SMEs only contribute 37 percent to total investment of SMEs or 16 percent to total investment. It is proper SMEs invest more than current their investment because they contribute to GDP more than BEs. The intermediation institution (bank) should improve they role in SMEs funding. The development of intermediary system that serve easy funding for SMEs especially SEs is a potential way to increase the economic growth and better distribution of income.